Ryman Hospitality Properties, Inc. $RHP Stake Trimmed by Aew Capital Management L P

Aew Capital Management L P lowered its stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) by 34.0% during the fourth quarter, HoldingsChannel reports. The firm owned 205,590 shares of the real estate investment trust’s stock after selling 105,974 shares during the period. Ryman Hospitality Properties accounts for approximately 1.4% of Aew Capital Management L P’s holdings, making the stock its 17th biggest position. Aew Capital Management L P’s holdings in Ryman Hospitality Properties were worth $19,453,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of RHP. Royal Bank of Canada increased its stake in Ryman Hospitality Properties by 44.1% in the 1st quarter. Royal Bank of Canada now owns 39,740 shares of the real estate investment trust’s stock worth $3,634,000 after purchasing an additional 12,169 shares in the last quarter. AQR Capital Management LLC grew its position in Ryman Hospitality Properties by 131.0% during the 1st quarter. AQR Capital Management LLC now owns 13,418 shares of the real estate investment trust’s stock worth $1,227,000 after purchasing an additional 7,610 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Ryman Hospitality Properties by 8.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 784,970 shares of the real estate investment trust’s stock worth $71,778,000 after purchasing an additional 63,507 shares in the last quarter. Jane Street Group LLC grew its position in Ryman Hospitality Properties by 306.5% during the 1st quarter. Jane Street Group LLC now owns 36,162 shares of the real estate investment trust’s stock worth $3,307,000 after purchasing an additional 27,267 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in Ryman Hospitality Properties by 240.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 209 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on RHP. Cantor Fitzgerald lifted their price objective on shares of Ryman Hospitality Properties from $115.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Evercore reaffirmed an “outperform” rating and set a $115.00 target price on shares of Ryman Hospitality Properties in a research note on Friday, February 6th. Morgan Stanley lifted their target price on Ryman Hospitality Properties from $105.00 to $112.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Truist Financial boosted their price target on shares of Ryman Hospitality Properties from $121.00 to $129.00 and gave the company a “buy” rating in a report on Thursday, March 26th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Ryman Hospitality Properties from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Ryman Hospitality Properties presently has an average rating of “Moderate Buy” and a consensus target price of $117.56.

Ryman Hospitality Properties Trading Up 1.8%

Shares of NYSE RHP opened at $110.80 on Thursday. The stock has a market cap of $6.99 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 2.52 and a beta of 1.22. The business has a 50 day simple moving average of $99.33 and a 200 day simple moving average of $97.16. Ryman Hospitality Properties, Inc. has a 52 week low of $83.82 and a 52 week high of $112.50. The company has a debt-to-equity ratio of 5.15, a quick ratio of 1.35 and a current ratio of 1.35.

Ryman Hospitality Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $1.20 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $4.80 dividend on an annualized basis and a yield of 4.3%. Ryman Hospitality Properties’s dividend payout ratio is currently 126.65%.

Ryman Hospitality Properties Profile

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.